GE T&D India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 09, 2023 at 06:46 am EST
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GE T&D India Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 7,766 million compared to INR 9,140.8 million a year ago. Revenue was INR 7,698.8 million compared to INR 9,154.5 million a year ago. Net income was INR 47.4 million compared to net loss of INR 1 million a year ago. Basic earnings per share from continuing operations was INR 0.19.
For the nine months, sales was INR 20,701.7 million compared to INR 24,038.9 million a year ago. Revenue was INR 21,003.8 million compared to INR 24,057.7 million a year ago. Net income was INR 138.6 million compared to net loss of INR 270.9 million a year ago. Basic earnings per share from continuing operations was INR 0.54 compared to basic loss per share from continuing operations of INR 1.06 a year ago.
GE T&D India Limited is an India-based company that is engaged in the power transmission and distribution business. The Company's business activity relates to products, projects and systems for electricity transmission and related activities. Its products and services include power electronics, energy management, high voltage equipment, industrial digital, projects and services, automation and protection, new technologies, and asset management. Its product portfolio ranges from medium voltage to ultra-high voltage (1200 kV) for power generation, transmission and distribution, industry and infrastructure markets. The Company offers a wide range of products and related services that include power transformers, circuit breakers, gas insulated switchgears, instrument transformers, substation automation equipment, digital software solutions, turnkey solutions for substation engineering and construction, flexible AC transmission systems (FACTS), high voltage DC and maintenance support.
GE T&D INDIA LIMITED 
